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Geodex CEO Gives Strategic Update09.09.2014 | 14:00 Uhr | Marketwired
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 9, 2014) - Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") is pleased to give an update on its strategic view for the direction for the company over the coming year. As we have previously indicated, Geodex is in the process of repositioning from a company focused upon a geographical area (i.e. New Brunswick) to one oriented towards attractive specialty metals deposits (with an emphasis on Antimony and Tin) around the globe. Projecting from its traditional base in Canada's Maritime Provinces Geodex intends on pursuing opportunities in these metals both there and in Spain, around the Mediterranean Basin and in other traditional mining regions by aggregating past-producing and producing mines in these metals. The attractions of both metals are their relatively high price per tonne. In the case of Antimony this price attractiveness is augmented by the metal having (in most occurrences) rather straightforward metallurgy for processing combined with generally good grades (commonly 5-20%). Deposits with less than 3% grades are rarely exploited. Current Antimony Market Prices for Antimony Trioxide are firm between $9,000 and $10,000 per metric tonne and have been for a while now. Demand is also good with growth in volumes being around 2-4% per annum. When the price peaked at over $14,000 per tonne a couple of years back there was some dilution of the Antimony Trioxide grade in fire retardant plastic mixes, which now seems to have run its course. The exact size of the market is somewhat vague due to unreliable Chinese statistics and the fact that a large chunk of production is artisanal (Burma, Bolivia, Honduras, Laos and Turkey) and ore, concentrate and end-product Antimony is smuggled in and out of China. This may amount to 20% of global supply. Key Features to Note
Target Areas Thus far Geodex has properties in Nova Scotia and Spain. Most likely future additions will be around the Mediterranean Basin, with some consideration being given also to either Mexico or Peru. We have also identified some interesting past-producing properties in Australia (Queensland and Victoria). This enables the company to diversify geographically and minimize political risk. CapEx - Another Salient Consideration To produce around 3,500 tpa of Antimony at a deposit grading 8% (for example) the mining rate would need to be only 120 tpd. We have priced a number of crush/grind/gravity separation set-ups sourced out of China with 200 tpd throughput and the quote for such a set-up was very modest. Naturally there would be a number of additional costs e.g. shipping, duties, trucking, site preparation, assembly and hook-up of utilities, but the message is clear, at least from the kit point of view, that this mode of processing does not involve high capex. When one considers the froth flotation process (combined with some of the aforementioned crush/grind components) estimates indicate capex might be up to $3m. In either case it is evident that putative Antimony producers are not facing significant processing capex costs for the production of a relatively high-value per annum output of Antimony concentrate. In addition Antimony roasting (via rotary kilns for example) to take the concentrate to the next level is also relatively capex-light. Key Goals
Geodex aims to fill the gap left by the paucity of investment opportunities in Antimony (and Tin) mining in Western capital markets. We aim to do this by accumulating past-producing and producing assets and moving to revenue generating status as fast as is possible. The creation of a vertically integrated Antimony producer/processor should be welcome news for the Antimony traders and end-users as they have long been subject to the capricious actions of the dominant (but declining) player, China. ON BEHALF OF THE BOARD OF DIRECTORS Christopher Ecclestone, President & CEO Tel: (44) 795 08 53 621 Forward-Looking Statement Certain information regarding the Company contained in this press release may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although the Company believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contact Geodex Minerals Ltd. Dieser Artikel stammt von Rohstoff-Welt.de
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